Macdonald Commercial Real Estate Services Ltd.

Transcription

1 FOR SALE For further information please contact: Exclusive Agent Brian Tattrie Macdonald Commercial Real Estate Services Ltd. # West 7th Ave, Vancouver, BC V6J 4Y6 T F Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.

2 Executive Summary Offering Forty two room hotel with pub / restaurant and one of Greater Vancouver s largest private liquor stores Municipal Address Location Located on the north side of Hastings between Gilmore and Carleton Avenue Legal Description Parcel One District Lot 121 Group I, New Westminster District, Reference Plan & 1054 PID Assessment (2010) Land $ 7,234,000 Improvement $ 48,100 Actual Total $ 72,282,100 Financing Treat as free and clear Income Contact listing agent for details Asking Price $15,000,000 Current Zoning C8 & R5 Taxes (2010) $86, Lot Size Hastings Street Frontage x Albert Street Frontage (7 lots) x Hastings Albert Total Site Area 23,840 square feet 28,161 square feet 52,001 square feet Improvements Two storey wood frame structure originally built in 1956 The building has had a major retrofit down to structural skeleton with new electrical, mechanical and structural completed in 2003 It is flagged as part of Howard Johnson boutique hotels, with 42 rooms The main floor is comprised of a pub/restaurant, kitchen, coolers, and large liquor store On-site parking is accessed from Hastings Street for 110 cars About the Hotel An elegant boutique hotel with individually designed guest rooms. Relax in total comfort and contemporary style, and enjoy the amenities offered. An affordable hotel in one of the most beautiful regions in the world. A quick drive to many attractions and a great starting point for getaways. Golf courses and tennis courts are nearby the property. Individual climate control in each guest room. About the Brand Howard Johnson is one of the most iconic hotel brands in America. The brand pioneered hotel franchising in Today Howard Johnson has over 485 hotels in North America, Latin America, Asia and other international markets. In North America, the brand operates in the mid-scale and economy segments while internationally the brand includes mid-scale and upscale hotels. The Howard Johnson brand targets families and leisure travelers, providing complimentary continental Rise and Dine breakfast and high-speed internet access.

3 Legal Map ALBERT STREET GILMORE AVENUE HASTINGS STREET CARLETON AVENUE

4 Photo First Row: Honeymoon Suite Second Row: First three from left Reception; Admiral Pub & Grill Third Row: BC s Largest Liquor Store (In-House); Free parking for guests Fourth Row: First two from left Executive Single Queen; Executive Double Queen

5 Map